TABLE 11 - 17
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Canola on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 159 20 32
Number of farms 78 15 15
Acres 109.24 112.97 114.34
Yield per acre (cwt) 13.18 9.04 17.04
Operators share of yield % 100.00 100.00 100.00
Value per cwt 10.14 9.43 10.25
Total product return per acre 133.61 85.29 174.69
Miscellaneous income per acre 4.33 11.03 0.72
Gross return per acre 137.94 96.32 175.41
Direct Expenses
Seed 21.53 20.31 24.49
Fertilizer 19.06 17.40 17.32
Crop chemicals 15.83 13.25 13.46
Crop insurance 6.38 6.01 5.31
Fuel & oil 7.17 7.74 6.45
Repairs 9.19 10.89 8.66
Custom hire 3.09 10.48 2.57
Land rent 29.18 32.88 26.48
Operating interest 3.00 4.18 2.05
Miscellaneous 0.02 - 0.09
Total direct expenses per acre 114.46 123.13 106.87
Return over direct exp per acre 23.48 -26.81 68.55
Overhead Expenses
Hired labor 2.72 4.39 3.07
Machinery & bldg leases 2.16 3.41 1.15
Farm insurance 1.49 1.54 1.59
Utilities 1.45 1.45 1.32
Dues & professional fees 0.44 0.11 0.52
Interest 3.07 2.63 1.93
Mach & bldg depreciation 7.90 9.13 8.71
Miscellaneous 2.02 2.76 1.98
Total overhead expenses per acre 21.24 25.42 20.26
Total dir & ovhd expenses per acre 135.71 148.55 127.13
Net return per acre 2.23 -52.23 48.28
Lbr & mgt charge per acre 12.79 12.50 13.52
Net return over lbr & mgt -10.56 -64.73 34.76
Government payments 16.90 16.83 17.62
Net return with govt payments 6.35 -47.90 52.38
Cost of Production
Total direct expense per cwt 8.69 13.62 6.27
Total dir & ovhd exp per cwt 10.30 16.43 7.46
With labor & management 11.27 17.81 8.26
Total exp less govt & oth income 9.66 14.73 7.18